Pune E-Stock Broking made a strong debut on the BSE SME platform, opening at Rs 130, a significant 56.6% premium over its IPO price of Rs 83. The company’s shares, which had a pre-listing premium of Rs 88, witnessed an impressive 300 times oversubscription.
On day 3, Pune E-Stock Broking’s IPO saw a staggering 371.16x subscription. Retail investors subscribed 338.92x, non-institutional buyers 775.99x, and Qualified Institutional Buyers 123.02x, showing strong interest from all investor segments.
Founded in 2007, Pune E-Stock Broking Ltd (PESB) has flourished with strategic mergers and tech innovations, providing a range of financial services. Its internet trading and Trading App offer user-friendly, real-time features. PESB’s services span from broking to mutual funds, and eKYC for easy onboarding, ensuring diverse and efficient investment experiences for clients.
Pune E-Stock Broking Limited’s IPO aims to boost working capital for expanding operations, client base, and profitability, and to allocate remaining funds for general corporate expenses and growth strategies.